Deferred Tax Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Schedule Reconciliation of Statutory Income Tax Rate to Consolidated Effective Income Tax rate

A reconciliation of income tax expense at the federal statutory rate to the income tax provision at the Company's effective rate is as follows for six months ended June 30, 2022 and 2021:

	Six months ended,
	June 30, 2022			June 30, 2021
Income tax benefit at statutory rates	$	(4,008,649	)	$	(2,442,880	)
Valuation allowance for deferred tax assets		3,847,819			3,002,400
Stock-based compensation		21,935			59,074
Other (benefit) expense, net		133,121			(655,312	)
Reported income tax expense		(5,774	)		(36,718	)
Effective tax rate:		0.00	%		0.00	%

Schedule of Deferred Tax Assets and Liabilities

The Company’s deferred tax assets and liabilities consisted of the following as of:

	June 30, 2022			December 31, 2021
Noncurrent deferred tax assets:
Net operating loss carryforwards	$	14,939,806		$	11,999,882
Intangible assets		1,839,669			17,951
Property and equipment		434,731			686,601
Research and development credits		223,613			165,216
Accrued expenses		47,660			98,296
Bad debt reserve		9,462			—
Charitable contributions		39,807			38,447
Unexercised options		583,813			679,688
Total noncurrent deferred tax assets		18,118,561			13,686,081
Noncurrent deferred tax liabilities:
Right of use asset		529,580			568,787
Total noncurrent deferred tax liabilities		529,580			568,787
Net noncurrent deferred tax assets		17,588,981			13,117,294
Valuation allowance		(17,588,981	)		(13,124,828	)
Total net noncurrent deferred tax liabilities	$	—		$	(7,534	)